
FT reportโฆ Ships bound for the U.S. are on standby due to obstruction of Ukraine-supporting forces and warning from port authorities.
After U.S. President Donald Trump eased sanctions on Russian diesel, Russian diesel shipments doubled, but due to domestic opposition and warnings from port authorities, no actual volume was imported into the United States.
AI-generated summary
US President Trump announced a 'diesel deal' to temporarily ease sanctions on Russian diesel until April next year to stabilize prices.
(Seoul = Yonhap News) Reporter Lee Ji-heon = After U.S. President Donald Trump eased sanctions on Russian diesel, Russian diesel exports doubled last month, but no volume was actually imported into the U.S., the British daily Financial Times (FT) reported on the 12th (local time).
According to data from shipping information company Kpler cited by the FT, Russia shipped an average of 271,000 barrels of diesel per day last October.
This is more than double the average daily shipment volume of 135,000 barrels in September.
The U.S. government temporarily eased some sanctions on Russian fuel until April of next year under the diesel deal, and Ukraine stopped attacking Russian oil refineries for about two weeks last month in accordance with the 'energy ceasefire', which is believed to have led to the increase in shipments.
However, the media reported that Russian diesel has not yet reached the U.S. market as Ukraine-supporting forces have moved to block cargo transportation on ships.
On the other hand, exports of Russian diesel oil to other regions, such as Brazil and Turkiye, increased.
Previously, President Trump announced a 'diesel deal' on the 9th of last month, saying that he had reached an agreement with President Putin and that Russia would immediately supply 300,000 tons of diesel to the U.S. and global markets, and would supply additional large quantities of diesel in the future.
It was a measure introduced as public opinion in the United States worsened due to rising prices ahead of the midterm elections on November 3.
This transit deal caused a stir because it shook up the international community's sanctions against Russia that had been in place for several years.
The European Union (EU) and Ukraine objected, saying it was helping Russia secure war funds, and voices criticizing President Trump's agreement were raised not only within the U.S. Democratic Party but also within the Republican Party.
New Jersey Governor Mikey Sherrill sent a letter to port and terminal operators in the state, warning that importing Russian petroleum products could result in serious civil and criminal consequences as a violation of sanctions.
According to ship tracking data, the Agioi Panendez, which sailed from Russia carrying diesel, is currently staying off the east coast of the United States, waiting for a buyer.
A White House official said negotiations with the owner of the Agigi Panendez were continuing, the FT reported.
A White House official said that an increase in Russian diesel in the global market will help lower global diesel prices and lower the price borne by Americans, as intended in the agreement between President Trump and President Putin.
โAs President Trump said, this is an agreement for the world,โ the official said. โThis agreement was created to lower prices for Americans and the world by increasing the supply of diesel to the global market, and that is exactly what it will do.โ
AI outlook โ possibilities, not facts
Depending on the results of negotiations between ports in the U.S. and the White House, whether to unload Russian diesel will be decided.
Likely ยท Within weeks

Gyeongbuk Province will open the 'International Battery Expo 2026 Pohang' at Pohang Mandang Gymnasium on the 13th and hold it for three days. 53 companies and organizations, including EcoPro and POSCO Future M, will participate to showcase secondary battery technology and applied industries, and lectures, experience events, and investment and employment counseling sessions will also be held.

South Korean stocks fell nearly 1 percent on Friday as investors turned cautious over the potential impact of Nvidia CEO Jensen Huang's departure on the AI ecosystem, with KOSPI closing down 0.98 percent at 5,290.53 after opening higher and peaking at 5,504.44 before turning negative around 12:35 p.m.; the local currency traded higher against the U.S. dollar amid anticipation of U.S. producer price data following a steeper-than-expected rise in the consumer price index.

18 medical device companies from Wonju, Gangwon-do will participate in the MEDICA 2026 exhibition held in Dusseldorf, Germany and seek to enter the European market. Wonju City operates a joint facility with Gangwon-do and the Wonju Medical Device Industry Promotion Agency and dispatches an export support team to build a network with organizations such as KOTRA.

At a meeting at the Korea Exchange, President Lee Jae-myung proposed the establishment of a high-level organization dedicated to capital market reform. He criticized the low level of IR and the lack of English-language data and ordered mandatory IR once a year and inspection of the issue of exclusion of retirement pension workers.

NH Nonghyup Bank President Kang Tae-young met with Indian Ambassador to Korea Goranglal Das and discussed ways to expand business and strengthen cooperation in the Indian financial market. A branch was opened in Noida, India, in May 2023, and is scheduled to move to New Delhi in February 2027.

The government plans to invest approximately 84 trillion won in expanding national high-tech industry power and water infrastructure by 2036, of which 58 trillion won is expected to be in national treasury. The Democratic Party of Korea held a budget meeting at the National Assembly on the 13th and received a report on the details from the government.